FIND YOUR DREAM HOME IN THE PHOENIX AREA
Whether you’re shopping for a new home, a second home, or an investment property,
it’s important to follow these guidelines to ensure the process goes smoothly and you get exactly what you’re looking for.
We’ve broken down the basic steps in this simple and easy to follow checklist.
If you have any questions, be sure to ask. We’re here to help.
PRE-QUALIFICATION
Meet with a mortgage broker and find out how much you can afford to pay for a home. They may give you suggestions on getting your finances in line, paying off debt, etc. before entering the homebuying process.
It’s a good idea to meet with a few mortgage brokers to make sure you find one you’re comfortable with. We can provide you with some suggestions of mortgage brokers we regularly work with, or you’re welcome to use your own.
PRE-APPROVAL
While knowing how much you can afford is the first step, sellers will be much more receptive to potential buyers who have been pre-approved. You’ll also avoid being disappointed when going after homes that are out of your price range. With a qualified Pre-Approval, the buyer actually applies for a mortgage and receives a commitment in writing from a lender. This way, assuming the home you’re interested in is at or under the amount you are pre-qualified for, the seller knows immediately that you are a serious and qualified buyer for their property. Pre-Approvals generally can make purchase negotiations easier and more favorable to you since the seller knows you can afford the property.
Costs for pre-approval are generally nominal and lenders will usually permit you to pay them when you close your loan.
MAKE A LIST OF YOUR NEEDS & WANTS
We recommend making 2 lists. The first should include items you must have (i.e., the number of bedrooms you need for the size of your family, a one-story house if accessibility is a factor, etc.). The second list is your wishes, things you would like to have (pool, guest house, solar, etc.) but that are not absolutely necessary. Realistically for first-time homebuyers, your wish list may likely be prioritized to your budget which will keep you on track for what you are looking for, and it will give your agent a solid plan when doing property searches for you. We welcome you to come and explore the beautiful Valley with our long-time Phoenix resident Real Estate Agents. We can set up tours of various neighborhoods and communities which suit your preferences. We have lived in the area for decades and know the area very well.search phoenix area Real Estate:
